MedPower 2014 2014
DOI: 10.1049/cp.2014.1686
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Implementation of price-based demand response programs through a load pattern clustering process

Abstract: This study addresses the problem of the optimal design of price-based Demand Response (DR) programs such as RealTime Pricing (RTP) utilizing the load profiling tool. The proposed model corresponds to a profit maximization problem of a retailer that serves a group of residential consumers. Through a clustering process the consumers are grouped together in several clusters. For each cluster a dynamic tariff is offered that is specially design to fit to the typical load pattern of the cluster. The sensitivity of … Show more

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Cited by 6 publications
(4 citation statements)
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“…IBP assume that users are separately or conjointly committed to lower their consumption during a certain peak time period. Price based and incentive based methods are collectively called hybrid DR program [19][20][21][22][23].…”
Section: Market and Remunerationmentioning
confidence: 99%
“…IBP assume that users are separately or conjointly committed to lower their consumption during a certain peak time period. Price based and incentive based methods are collectively called hybrid DR program [19][20][21][22][23].…”
Section: Market and Remunerationmentioning
confidence: 99%
“…RCs can benefit from an electricity bill reduction if the RCs adjust their demand according to the prices. RCs are informed about the tariffs an hour ahead of time, in order to adjust their loads [25]. Another price-based DR, the time-of-use (TOU) pricing, is an electricity model that changes with the time of day.…”
Section: Benefits and Risks Of A Smart House And Demand Response Conceptmentioning
confidence: 99%
“…In a price-based DR program, users reduce their consumption as a response to the dynamics of prices imposed by the network operator or the energy market. In these types of pricing DR programs, two main variations are defined: One based on Time of Use (ToU) [31,32], and another one called real time price dynamics [33][34][35]. Comparative studies can be found on the Time of Use and real time pricing plans using a testing system that relates the generation cost of electricity with the fixation of fixed fees [36].…”
Section: Incentive-based [23]mentioning
confidence: 99%